All he has to do is to not make it a "blanket" moritorium and make the tenants prove economic hardship through predetermined government standards and let us evict those taking advantage.   

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

@Sakib KhanRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Anyone here can confirm that the rent from section 8 is close to the payment standards for the respective zip codes?

I am pretty sure internal Wells Fargo has more information and analysis about this business.  

There's a minimum standard that landlords should abide by - sure.

Viewed this way, it becomes a toss whether domestic or international investing is the riskiest.Let's give you the benefit of the doubt and assume that investing internationally is riskier.

So I was just wondering if its the industry standard for that type of purchase.

You also tend to get more frequent and better feedback than with an STR, if you treat your residents well.The last quadrant, unnecessary but not obviously so, is usually as a result of either converting an STR to an MTR or from remodeling above the standard needed.

A shorter term tenant could do fine for you because they are not bad but just people in transition, so you don't lower your standards.